In the Greater Vancouver Area, they estimate Chinese investors spent $12.7 billion – or 33 per cent of total sales. That figure, they say, lines up with research from B.C. urban planner Andy Yan, who found that 66 per cent of all sales of 172 detached homes in three west-side Vancouver neighbourhoods within a six-month period were to buyers with non-Anglicized Chinese names.
The news from Canada and especially Vancouver in relation to the housing bubble there just does not seem to improve.
As we have previously reported Canadians have sold all their Gold, are going Full Digital, elected a Full Feminist PM in Trudeau, and now they have sold their souls to the Chinese as wholesale rates.
What a disgusting hoard of cowards and weasels.
The response of the BC government – spend $355 million on social housing for 2000 units over 5 years in another words 500 units per year for a population that could not afford housing for the past 20 years.